Which Payroll Software Best Suits Your Business?
Streamline your company’s internal finances with a payroll software. Whether you are a large corporation or a small business, a payroll software is an essential ingredient for success. Modern and efficient, it organizes all important documents and manages employee pay periods. When business picks up, the payroll software will provide valued guidance with detailed financial reports. It is the unsung hero in the HR department. Selecting which specific program best suits your business model is one of the most important payroll management decisions. With a wide array of options available, three software programs have emerged as top competitors:
- Gusto
- OnPay
- BambooHR
Weigh the pros and cons of each payroll software to identify which program would mesh the best with your business. Keep in mind, each company is unique and presents distinct needs. Platforms designed for large corporations may prove to be incompatible with smaller businesses. Know your business and select the program that will provide the most support.
Gusto
Specifically designed to support small businesses, Gusto is the fully comprehensive payroll software you need. A triple threat, the platform has three chief functions: payroll, benefits, and compliance. Gusto is easy to use and full of unique features and tools. Some of these innovative features include direct deposits, W-2s, 1099s, and limitless payroll runs. Its goal is to give small businesses the resources needed to tackle all HR needs.
OnPay
Another popular payroll software is OnPay. This platform is made for both small businesses and medium-sized firms. Using an arsenal of versatile features, OnPay collaborates with the cloud to assist a variety of HR procedures. In addition to administering payroll, OnPay also tracks related data such as hours paid, bonuses earned, or any reimbursements owed. Similar to Gusto, OnPay provides unlimited payroll runs and manages tax form data.
BambooHR
BambooHR is ideal for small businesses and medium-sized organizations. Its digital focus caters to predominately remote teams. Like OnPay and Gusto, BambooHR also tracks tax data and administers payroll. However, this platform sets itself apart from the competitors with a set of unique features. These services include advanced reporting and data modules.
PL Consulting Can Help You Plan Your Budget!
PL Consulting offers a diverse range of bookkeeping and other financial services. Each of our services is customized to fit the needs of our client and his or her business plan. Our team can help you with each step of your business from organization, to budget, to financial maintenance. We are located in Pikesville at 119 Old Court Rd Baltimore, MD 21208. Contact us at 410.764.3731 or info@plcfo.com so that we can assist you with your bookkeeping needs. Remember to stay up to date with everything PL Consulting by following us on our social media platforms via Facebook, Twitter, and LinkedIn.